GM Good or Bad Deal

GM today started their new advertisement campaign-telling consumers they can return their new vehicle within 60 days of purchase,

Although this may seem like a lucrative deal, the fine print of the disclaimer is yet to be seen, the trick could be in the details. Is this another three card Monty game or the consumer stand a chance to gain. “Follow the ball”

Here is how the program works

Starting September 14 thru November, the vehicles that are covered are the Chevrolet, Buick, GMC and Cadillac 2009 and 2010 models. In addition, you have 60 days to drive the vehicle, racking up no more than 4000 miles, and do not include lease vehicles 

Reuters reported under condition of an anonymous source that GM would cut U.S. dealers discount by a half percentage point in order to facilitate the campaign. Dealers are already beginning to cry foul, every since they got wind of the program, not all dealers are in agreement, however they all hope it is successful.

If this is such a great deal, why offer when supply is limited. Due to the lack of inventory because of the previous CARS, program that dried up dealership lots if buyers cannot get the car, they want, the quality is not to their expectation, and based on the percentage of returns negative publicity may kick up like a raging storm and hence, image may be ruined for a long time to come.

In the waters of survival, a drowning man will grasp at a straw; this is a very gutsy move by the new GM, Lutz, and the advertising crew, start counting the days.

GM, if you stand behind your product set a solid reasonable price, and says to consumers, THIS IS THE BEST QUALITY FOR YOUR MONEY GURANTEED. The consumers will be your best judge.

Good Luck in you endeavors. YOU NEED IT.

The Recession Question: Repairing versus Buying?

The economy is down, the automotive industry is trying to survive, and the good news is that the price of a vehicle has never been better. Some people are taking advantage of these savings and replacing all their fleet and/or personal cars. Others rather weather the recession by repairing their existing vehicles. So, that begs the question, is it better to buy now or to repair?

First of all, if you’re financially able to do it, as a favor to the auto industry and the economy please…PLEASE consider buying. Not only will you be able to get an amazing deal but you’ll also be part of the solution and helping the auto industry get out of this mess. If you rather wait and repair the vehicles that you currently have, think about this.

The four most expensive vehicle repairs are related to major engine, transmission, rear axle, and electronics problems. If these are not the current issues with your car, then it MAY be ok/practical to keep or “nurse” you car until you are in a better financial position to purchase a new one. Of course, if you’ve been neglecting certain repairs and then end up with a laundry list of items, you may want to check the blue book value of your vehicle and make a decision. You can also contact us or a friend who has automotive knowledge to help you decide.

So, if you just got a bonus and you’re trying to figure out what to do with the extra cash—consider buying a car. Prices have never been better. If you need a small repair like replacing a starter or radiator—go ahead and make a trip to the mechanic.